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Palm Inc. (NASDAQ: PALM) reported a dismal third quarter, losing $95 million or 89 cents per share. Although the company's Treo handheld wireless handset products are being beat into the ground by competitors like Research in Motion Ltd. (NASDAQ: RIMM) and Apple, Inc. (NASDAQ: AAPL), its bargain basement Treo Centro helped save the day last quarter. Not so much in the latest quarter.But good news is coming. The company (and a whole community of pre-release fans) is expecting the new Palm Pre smartphone to be the device that would save the company in the current quarter. The new handset, which is shaping up to be a true, functional competitor to the iPhone, looks like a handset worthy of that stated comparison.
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